PAY & COMPENSATION

Use Smart Compensation to Drive Partner Performance

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$100 bill being built of blocks

Five management objectives to address.

By Domenick J. Esposito
8 Steps to Great

“Show me your compensation plan and I’ll show you your strategy.” – Dom Esposito

As you strive to become a mid-market sustainable brand, your firm needs to become a performance-driven organization if you want to take advantage of future opportunities and drive growth and profitability. An effective performance management and compensation plan (PMCP) is critical to making your firm’s strategic plan a reality.

MORE by Domenick J. Esposito
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The basic premise is that compensation rewards first look to:

  1. how successful the entire firm is,

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The $100,000 H-1B Shock: What It Means for Accounting Talent

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What changes, what doesn’t, for thousands of jobs in accounting.

In tax and audit in 2024, increases in salary bands were far from evenly distributed.

By Dominic Piscopo

I just consumed hours of H-1B visa content, so you don’t have to. Here are my findings.

Accounting isn’t the heaviest H-1B user (That’s IT & Tech.), but the profession still relies on international grads in audit, tax, advisory, and increasingly data and automation roles. In 2024, USCIS approved around 400k H-1Bs overall, with 2% to 3% of those in categories that could include accounting. So, while other industries are far more reliant on this program, there may still be thousands of roles in accounting. READ MORE →

CPA Pricing Power Falters as Salaries March Upward

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The tax and accounting sector shows signs of accelerating change.

By CPA Trendlines

Salaries at CPA firms are entering their second year of marked year-over-year gains, even as billing rate increases remain few and far between, according to a new analysis by CPA Trendlines.

MORE: Most Tax and Accounting Firms Are Relying on Pay Raises in a Losing Battle for Talent | Higher Wages, Fewer Jobs: A New Era for CPA Staffing | Struggling to Keep Up with Market Salaries? |

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An industry that once seemed stable and predictable is now anything but. Some can call it a transformation. For others, it’s a massive dislocation.

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Most Tax and Accounting Firms Are Relying on Pay Raises in a Losing Battle for Talent

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Hiring in the management consulting sector slows, but remains positive. Tax & accounting sector shrinks workforce.

By CPA Trendlines Research

The professional services industry is accelerating a quiet but consequential reshaping toward higher-end advisory services and away from low-end compliance work.

ASK CPA Trendlines A.I.: Where do accountants go when they quit?

Consulting firms have added more than 27,000 jobs over the past 12 months, pushing total headcount to 1.56 million. In contrast, the accounting, bookkeeping, and payroll sector remains stuck near 1.155 million employees, a plateau that has persisted for much of the past three years, according to a new analysis by CPA Trendlines Research.

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